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LAKE DURANGO WATER AUTHORTTY <br />BYLAWS <br />A�'IC�:� 4 I <br />OFFICES <br />Section 1.1 PRINCIPAL OFFICE. The principal office of the Authority in the State of <br />Colorado shall be established by the Board of Directors at such location within the State of <br />-eol��ad� as �eay �re c�ete��rert fro� ti�e �a ti�re. T�e Aut�to�i� r�a� ��ve suc,� o�tl�er Qffiees; <br />either within or outside of the State of Colorado, as the Board of Directors may designate from <br />time to time. <br />Section 1.2 MEETING LOCATION. The Board of Directors of the Authority (the <br />"Boa�d") �l�al� -e�ta�lish _1�3� .a .�escalution -a locatien far ��ie holding .af all r.e��a� -a�d speeia� <br />meetings of the Board, which resolution may be amended from time to time. Meeting may be <br />held at locations not specified in the resolution only if the Board determines that it is not feasible <br />or practical to hold a meeting at the regular location or that it is otherwise in the best interest of <br />the Authority to hold the meeting at another location. <br />ARTICLE II <br />CREATION; MEMBERS <br />Section 2.1 ESTABLISHMEIV�: The Authority was created by an Establishment <br />Agreement dated December 18, 2007 (the "Agreement") executed by Durango West <br />�1VletropoTitan �istrict Na �l ("DW7'�, Durango �Jest Ivietropolitan I�istrict Na Z("DiVJ��} and <br />La Plata County ("LPC"). These Bylaws are intended to supplement the provisions of the <br />Agreement but in those cases where there is a conflict between the Agreement and the Bylaws, <br />the provisions of the Agreement shall control. <br />S�etia�r 2.2 MEMBER;�: DVF��, D�2 a�d LP� s�al� �e tl�e so}e r�e��ers of t�e Aut�o�-it3' <br />unless additional members are admitted or members withdraw in accordance with the <br />Agreement. <br />Section 2.3 RIGHTS AND OBLIGATIONS OF MEMBERS The Members of the <br />A�#�a�ri�y s�a.�l ���e tho�e .r.igh�s_��d _be subj�ct _to-tho�e -Qh�ig���ons set fo�tl� i� .the A�ree�e�#. <br />Members shall not control or participate in the management of the Authority except as provided <br />in the Agreement. <br />